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Catastrophe Modeling Jobs in Minnesota (NOW HIRING)

Howden Group

Associate Director

Edina, MN · On-site

$175K/yr

Execute upon all aspects of catastrophe modeling, including data preparation and validation, portfolio analysis and postprocessing, reporting of results, data visualization and mapping. * Be ...

Howden Group

Catastrophe Risk Associate

Edina, MN · On-site

$72K/yr

The Howden Re decision support team (Modeling and Analytics) is unmatched in the industry in facilitating catastrophe reinsurance placements while also being integrally embedded within our clients ...

New

Motorola

$85K - $110K/yr

We provide the situational awareness first responders need when a moment brings catastrophe. We do ... Knowledge of RF coverage predictions, traffic/capacity modeling, and related toolsets is an asset ...

All JobsCatastrophe Modeling JobsCatastrophe Modeling Jobs in Minnesota

Catastrophe Modeling information

See Minnesota salary details

$21

$39

$74

How much do catastrophe modeling jobs pay per hour?

As of Sep 14, 2026, the average hourly pay for catastrophe modeling in Minnesota is $39.50, according to ZipRecruiter salary data. Most workers in this role earn between $30.62 and $42.60 per hour, depending on experience, location, and employer.

What is catastrophe modeling?

Catastrophe modeling is the process of using computer models to estimate the potential losses that could result from natural or man-made disasters, such as hurricanes, earthquakes, floods, or terrorist attacks. These models analyze historical data, scientific research, and current exposure information to predict the likelihood and potential severity of catastrophic events. Insurers, reinsurers, and other organizations use catastrophe modeling to assess risk, price insurance policies, and prepare for possible large-scale losses.

How to get a job in catastrophe modeling?

The qualifications you need to obtain a job in catastrophe modeling include a bachelor’s degree in a science field related to catastrophes, such as geology, meteorology, or environmental science. Insurance-specific degrees, such as actuarial sciences, are also acceptable. Advanced degrees in actuarial science, math, or another catastrophe-related field may help you stand out in the job market. Practice using industry software to run data analysis to become proficient with the application. Some start their careers in entry-level positions in the insurance industry to learn about risk evaluation before moving into catastrophe modeling.

What are the key skills and qualifications needed to thrive as a catastrophe modeler, and why are they important?

To thrive as a Catastrophe Modeler, you need a strong background in mathematics, statistics, and data analysis, typically supported by a degree in engineering, actuarial science, or a related field. Proficiency in modeling software (such as RMS or AIR), programming languages (like Python or R), and familiarity with GIS systems are commonly required. Critical thinking, attention to detail, and effective communication are valuable soft skills for interpreting data and conveying risk insights to stakeholders. These skills and qualifications are crucial for producing accurate risk assessments that inform insurance, reinsurance, and disaster preparedness strategies.

What are some common challenges faced by professionals in catastrophe modeling, and how can they be addressed?

Professionals in catastrophe modeling often encounter challenges such as managing large and complex datasets, staying current with emerging risks (like climate change), and communicating technical findings to non-technical stakeholders. Addressing these requires strong analytical skills, ongoing professional development, and effective collaboration with underwriters, actuaries, and risk managers. Building expertise in specialized software and maintaining open communication channels with other teams can help overcome these obstacles and contribute to successful risk assessments.

What is the difference between Catastrophe Modeling vs Actuary?

AspectCatastrophe ModelingActuary
Required CredentialsTypically requires degrees in risk management, insurance, or related fields; certifications like CPCU or ARM are commonRequires a degree in mathematics, statistics, or actuarial science; professional actuarial certifications (e.g., ASA, FSA) are essential
Work EnvironmentPrimarily in insurance, reinsurance, or risk management firms; involves data analysis and modelingIn insurance companies, consulting firms, or government agencies; involves data analysis, financial modeling, and risk assessment
Industry UsageUsed to assess and quantify natural disaster risks for insurance underwriting and risk managementUsed to evaluate financial risks, reserve calculations, and pricing in insurance and pension industries

While both roles involve risk analysis and data modeling, catastrophe modeling focuses specifically on natural disaster risks, whereas actuaries assess a broader range of financial risks. Both careers require strong quantitative skills and work within the insurance industry, but their specific applications and certifications differ.

How much do catastrophe modeling professionals make?

Catastrophe modeling professionals typically earn a median annual salary ranging from $70,000 to $120,000, depending on experience, education, and location. Senior roles or those with specialized skills in risk analysis and modeling tools can earn higher salaries, often exceeding $150,000 annually.

What do catastrophe modeling professionals do?

Catastrophe modeling professionals analyze data to assess the financial impact of natural and man-made disasters, such as hurricanes, earthquakes, and floods. They develop models using specialized software to estimate potential losses for insurance companies and other stakeholders, often requiring skills in statistics, risk assessment, and data analysis. Their work supports risk management and insurance underwriting decisions.
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For Catastrophe Modeling jobs in Minnesota, the most frequently searched job titles are:

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Catastrophe Modeling jobs near you
Infographic showing various Catastrophe Modeling job openings in Minnesota as of September 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $82,168 per year, or $39.5 per hour.

VP/SVP Catastrophe Analytics - Reinsurance

Bloomington, MN

Gallagher
Insurance Services • 10K+ employees
Learn more about Gallagherexternal

Full-time

Re-posted 13 days ago

Arthur J. Gallagher & Co. rating

7.7

Company rating: 7.7 out of 10

Based on 94 frontline employees who took The Breakroom Quiz

Job description

Introduction
At Gallagher Re, we bring clarity to complexity by helping clients around the world make confident, data-driven decisions in a rapidly evolving risk landscape. Here, you’ll be part of a team that leverages world-class analytics and deep reinsurance expertise to deliver strategic advisory services and transactional excellence. Together, we transform advanced insights and market intelligence into strategies that protect businesses, drive performance, and shape the future of reinsurance. We’re a community of decision makers, future shapers, and trusted experts working side by side to deliver meaningful impact through innovative thinking and practical solutions. At Gallagher Re, your curiosity is welcomed, your growth is championed, and your work truly matters. This is a place where you'll have the freedom to explore new ideas, take ownership of your career, and collaborate with people who are as driven and inquisitive as you are.

Overview

We are looking for a VP or SVP (depending on level) in Catastrophe Analytics to join our reinsurance analytics team. In this senior role, you’ll work closely with brokers and clients to deliver insights and solutions that help manage catastrophe risks. You’ll lead projects through the entire modeling cycle, from data auditing to multi-model analysis and portfolio management.


How you'll make an impact

You’ll be at the forefront of helping clients understand and mitigate their exposure to catastrophic events. You’ll analyze data, run advanced catastrophe models, and present clear insights to brokers, clients, and reinsurers.

You’ll collaborate with broking teams to create tailored solutions for clients and prospects. You’ll also mentor and guide junior team members, sharing your expertise and fostering their growth.


About You

Here’s what you’ll bring to the role:

  • Hands-on experience with RMS and Verisk software.
  • A deep understanding of risk assessment and catastrophe modeling.
  • The ability to analyze and explain complex data in simple terms.
  • A degree or equivalent experience, with at least seven years in a relevant field.
  • A collaborative mindset and a passion for solving complex problems.

#LI-BD1


Compensation and benefits

At Gallagher, we believe supporting our colleagues goes far beyond the role itself. For more information, visit our Benefits page.

  • Competitive compensation
  • Comprehensive benefits programs designed to support your well-being 
  • Career development opportunities and ongoing learning 
  • A collaborative, people-first culture with accessible leadership 
  • The opportunity to do meaningful work with global reach and local impact 

At Gallagher, we are dedicated to building an inclusive and authentic workplace. If your past experience doesn’t align perfectly, we encourage you to join our Talent Community to stay connected to additional career opportunities. At times, we will consider transferable skills from previous roles.

Gallagher is an affirmative action/equal opportunity employer (Minorities/Females/Veterans/Disabled)

Qualifications:

Here’s what you’ll bring to the role:

  • Hands-on experience with RMS and Verisk software.
  • A deep understanding of risk assessment and catastrophe modeling.
  • The ability to analyze and explain complex data in simple terms.
  • A degree or equivalent experience, with at least seven years in a relevant field.
  • A collaborative mindset and a passion for solving complex problems.

#LI-BD1

Education:UNAVAILABLEEmployment Type: FULL_TIME

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